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Friday, January 12, 2007

All Sorts of Loans for All Sorts of People!



I've always said that Armenia needs Western-style banks to truly rise above the others. You know, credit cards, 30-year mortgages, business loans, etc. Looks like a certain bank is now experimenting with just that on a respectable scale.
"BTA Investbank" (Armenia) opened a centre of retail crediting...

The centre will receive and examine individual applications for loaning.
In particular, applications for mortgage credits, repair loans, car-purchase loans, and consumer credits will be accepted.

Kosanov added that clients will be given overdrafts by means of local ArCa cards.
By the way, I should mention that the fellow in the picture is Rasul Kosanov, executive director of the bank. Doesn't sound Armenian, does it? Of course not: the bank is half owned by one of the largest banks in Kazakhstan!

Source: Arka

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